Buying Overlooked, Off-Market Real Estate Deals as a New Investor

Real Estate
Over the MLS? Try off-market deals. There’s less people looking for them, and you can find great deals when you expand your search. Today’s guest, Ryan John, only buys off-market, and it has worked extremely well for him. Ryan has been in the real estate game for a year and a half and has closed on two off-market deals—a house hack and a duplex.

As all rookies know, trying to find and close on your first deal can be a mix of emotions. From excitement to fear to anxiousness and fulfillment, you go through various emotions when trying something you’ve never done before. While Ryan wanted to get started right away, he experienced a lot of nervousness regarding his first deal—waking up at three in the morning, scared he was missing something. But, unlike many other investors, he didn’t allow this to deter him from accomplishing his goals.

Ryan prefers off-market deals because he doesn’t have to go through a realtor. An off-market deal requires more legwork but often comes with significantly better numbers. Becoming an investor has also given Ryan the freedom to make big life changes. Ryan went to his first real estate investor meetup and met investors with a wide range of experience. After attending, an incident at work prompted him to quit. Since he lives below his means and has cash-flowing rentals, he has the time and ability to breathe and explore his options before deciding his next steps.

00:00 Intro
08:45 First Deal & Overcoming Analysis Paralysis
16:26 The Process of Buying Off-Market
21:09Penetrating the Small Multifamily Space
26:17 Rookie Deal Review
39:37 Quitting His Job
49:44 Rookie Request Line
53:40 Rookie Exam
01:00:03 Rookie Rockstar

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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Attend a Real Estate Meetup in Your Area:
https://www.biggerpockets.com/forums/521-real-estate-events-meetups?utm_source=youtube&utm_medium=description&utm_campaign=none
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Grab “The Richest Man in Babylon (BiggerPockets Edition)”:
The Richest Man in Babylon (BiggerPockets Edition)
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The New Investor’s Simplified Guide to Landing a First Investment Property:

The New Investor’s Simplified Guide to Landing a First Investment Property

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How to Find Great Deals by Building an Off-Market List:

How To Find Great Deals by Building an Off-Market List


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Analysis Paralysis Is Costing You More Than You Think:

Analysis Paralysis Is Costing You More Than You Think


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Use RentRedi and Make Becoming a New Landlord Easy:
https://rentredi.com/
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Connect with Ryan on BiggerPockets and Instagram:
BiggerPockets: https://www.biggerpockets.com/users/ryanj443?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @b.n.d.rentals or https://www.instagram.com/b.n.d.rentals/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 229

Show notes at: https://www.biggerpockets.com/blog/rookie-229?utm_source=youtube&utm_medium=description&utm_campaign=none

#biggerpockets #realestaterookie #realestaterookie229

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